Jim Cramer Highlights the Resilience of Delta Air Lines Despite Surging Oil Prices

Delta Air Lines, Inc. (NYSE:DAL) is one of Jim Cramer’s latest stock calls as oil drops and the U.S. market rises. Cramer mentioned the stock during the episode and remarked:

The anomalies are stark. This morning, Ed Bastian, the CEO of Delta Air Lines, came on CNBC. Now, when I saw Phil LeBeau standing next to him, I could see a wrecking ball coming right at the beleaguered airline stocks. You’d think $95 oil would be lethal to the entire industry, right? Turns out Delta’s putting up some incredibly strong numbers, both for regular travel and business travel. It was an extraordinary display of real-world positives clashing with Wall Street negatives, and today, the real world won.

A stock market data. Photo by AlphaTradeZone on Pexels

Delta Air Lines, Inc. (NYSE:DAL) provides passenger and cargo air transportation. The company operates a large fleet and global network across major hubs and also offers aircraft maintenance, repair, and overhaul services. While discussing the very cheap stocks to buy according to billionaires, we talked about the recent price revision on the stock by TD Cowen. You can read about it here.

While we acknowledge the risk and potential of DAL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DAL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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